TradingView
motleifaul
Dec 1, 2022 9:32 PM

Bottom? Long

PayPal Holdings, Inc.NASDAQ

Description

We can see the attempt to build a bottom at around 75.70. This level has some relevance at least since July when it was a temporary top at the begin of the month and was tested from the topside at the end. It has been serving as a support for 1 month now. At this level always new buyers come in and on the 7th of November we could open a window after the attempt to fall below this level the day before. The support has been tested several times and proved to be important enough to risk a little long position.

Trade closed: stop reached

The June support has been broken now. I am turning the position into a short.
More